A new initiative taken by the Government is the setting up of Price Stablisation Fund (PSF) a Central Sector Scheme, being implemented by the Department of Agriculture & Co-operation (DAC) with a corpus of Rs.500 crore. The scheme is expected to help in regulating price volatility of agricultural and horticultural commodities both when there is price rise or vice-versa. Initially the support is for procurement of onion and potato only. This information was given by the Minister of Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan in a written reply in Lok Sabha today.
Shri Paswan said that the Government closely monitors the wholesale/retail prices of 22 select essential commodities based on information received from 68 reporting centres across the country. There is a Committee of Secretaries (CoS) on Prices set up by the Cabinet Secretariat to review the prices of essential items, and to suggest possible policy interventions for implementation.
Shri Paswan said that the Government closely monitors the wholesale/retail prices of 22 select essential commodities based on information received from 68 reporting centres across the country. There is a Committee of Secretaries (CoS) on Prices set up by the Cabinet Secretariat to review the prices of essential items, and to suggest possible policy interventions for implementation.
